VLSFO HSFO LSMGO price trends by Srinivas Chowdary Sunkara as on 17-05-2023.
0.5% VLSFO premium rose to $9.25 per Mt in Singapore market while the front month margins went up to a premium of $9.31 a barrel. HSFO spot prices hold up while cash premiums for 380 cSt HSFO closed at $5.35 per Mt while front month margins eased at a discount of $8.29 a barrel. Brent prices closed down yesterday with front month futures moving flat today. FO prices are revised down in India as per prediction.
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